January 3, 2014 7:53 am
Gold is set for the largest weekly advance since October on speculation for increased China demand. A stronger US dollar put some pressure on the yellow metal, while assets in the SPDR Gold Trust, the biggest bullion-backed ETF, were further reduced to the lowest since January 2009, adding to bearish sentiment. On the Comex division […]
Read moreJanuary 2, 2014 2:52 pm
Grain futures were mixed on Thursday, with wheat advancing, while corn and soybeans declined. Grains registered annual declines in 2013, with corn losing as much as 40%, the steepest decline on record. On the Chicago Board of Trade, wheat futures for settlement in March advanced 0.20% to trade at $6.0238 per bushel by 14:49 GMT. […]
Read moreJanuary 2, 2014 10:26 am
Natural gas advanced during the first trading session of 2014, after it registered the worst daily decline in eight months on December 31st. Weather forecasting models supported the energy source by calling for below-average temperatures in most of the densely-populated US areas, boosting demand for the power-station fuel as Americans crank up the heating. US […]
Read moreJanuary 2, 2014 8:28 am
Both West Texas Intermediate and Brent benchmarks rose on Thursday after a private report showed that US crude inventories fell more than projected last week, fueling speculations a government report will confirm an expected decline on Friday. The market continued to draw support as output in Libya, holder of Africas biggest crude reserves, remained crippled […]
Read moreJanuary 2, 2014 8:22 am
Gold advanced during the first trading session in 2014, after registering the worst annual decline in more than thirty years. Assets in the SPDR Gold Trust, the biggest bullion-backed ETF, remained at the lowest since January 2009, adding to bearish sentiment. A stronger US dollar put more pressure on the yellow metal. However, robust physical […]
Read moreDecember 31, 2013 6:45 am
Gold extended losses and fell on Tuesday, heading for the biggest decline in more than three decades and first annual drop in 13 years as investors lost faith in the metal as a store of value. Assets in the SPDR Gold Trust, the biggest bullion-backed ETP, fell to the lowest since January 2009. Chinas net […]
Read moreDecember 30, 2013 12:55 pm
Natural gas rebounded after falling by nearly 3% on Friday as weather forecasting models called for below-average temperatures in most of the densely-populated US areas, boosting demand for the power-station fuel as Americans crank up the heating. US stockpiles falling to the lowest since August in the seven days to December 20 also supported the […]
Read moreDecember 30, 2013 10:54 am
Grain futures edged lower on Monday with corn dropping to the lowest in more than a week as weather forecasting models called for favorable weather in South America to aid crops after recent hot and dry conditions. On the Chicago Board of Trade, corn futures for settlement in March lost 0.37% by 10:29 GMT to […]
Read moreDecember 30, 2013 9:38 am
Gold futures fell on Monday, capping three straight days of gains, as holdings in bullion-backed ETPs declined to new multi-year lows following a recent series of upbeat US economic data. Silver fell more than 2% and extended its annual decline to 35%, the most since 1981. On the Comex division of the New York Mercantile […]
Read moreDecember 30, 2013 8:41 am
West Texas Intermediate hovered near the highest level in 2-1/2 months on Monday after a government report released on Friday showed US crude inventories fell for a fourth straight week to the lowest since September in the seven days through December 20. A recent series of upbeat economic data from the US continued to boost […]
Read more